WINFIELD CLAY O 4
4 · YTB International, Inc. · Filed May 27, 2009
Insider Transaction Report
Form 4
YTB International, Inc.YTBLA.OB
WINFIELD CLAY O
Director
Transactions
- Disposition to Issuer
Class A Common Stock
2009-04-30−47,257→ 65,549 total - Disposition to Issuer
Class A Common Stock
2009-04-30−18,293→ 47,256 total - Disposition to Issuer
Class A Common Stock
2009-04-30−24,391→ 112,806 total - Disposition to Issuer
Stock Options (right to buy)
2009-04-30−30,000→ 45,000 totalExercise: $0.40From: 2007-04-24Exp: 2012-04-24→ Class A Common Stock (30,000 underlying)
Footnotes (5)
- [F1]The Issuer has two classes of common stock, Class A Common Stock and Class B Common Stock. The two classes of common stock are identical in all respects except as to voting power, as shares of Class A Common Stock are entitled to one-tenth vote per share, and shares of Class B Common Stock, one vote per share, on all matters submitted to a vote of the Issuer's stockholders. Because shares of Class B Common Stock automatically convert into Class A Common Stock on a one-for-one basis upon sale or other disposition (with the exception of transfers among related entities, transfers to trusts for the benefit of the transferring holder of the Class B Common Stock, bona fide pledges under financing arrangements and similar transfers), the Reporting Person has included Class B Common Stock in calculating and reporting the total number of shares of Class A Common Stock that he holds or that he has acquired or disposed of throughout this Form 4.
- [F2]This unvested restricted stock award was forfeited upon Mr. Winfield's resignation as a director.
- [F3]The unvested portion of this restricted stock award was forfeited upon Mr. Winfield's resignation as a director.
- [F4]This unvested restricted stock award was forfeited upon Mr. Winfield's resignation as a director.
- [F5]The stock options previously awarded vested in equal increments of 15,000 options on each of the first five anniversaries of the grant date of April 24, 2006. The unvested portion of these stock options were forfeited upon Mr. Winfield's resignation as a director.